SIE Exam Practice Question 904

Question: 904

Which of the following is the market value of all the goods and services produced in one year by labor and property supplied by the citizens of a country, wherever they are located?

Correct Answer: B

Explanation:

GNP (gross national product) is the market value of all the goods and services produced in one year by labor and property supplied by the citizens of a country, wherever they are located.

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